PROGRAM DETAILS

BUDGETS AND USE OF FUNDS

Funds support a specific, determinative “killer” experiment aimed at getting to human studies (as required) and to patients as quickly as possible. This includes the application of business resources in order to bring downstream product development considerations upstream, and adaptation to new information that may take a team down a path to a different application or technical approach or, even, to quit while ahead.

There is no funding limit per project or a set number of projects that must be selected. All projects and their budgets are evaluated on their own merits. Historically, we have funded 5 to 6 projects per year, with budgets ranging from approximately $60K to $190K, and a median award size of $100K. Generally, the requested budget should be appropriate to the size of the commercial opportunity.

Funds MAY be used for:

salary and fringe benefits for project personnel (other than PIs or Co-PIs)